Sec. 1207.0621. SOURCES AVAILABLE FOR PAYMENT

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An issuer may pledge to the payment of a refunding bond issued to make a deposit under this subchapter:
(1) any surplus income to be earned from the investment of a deposit made under this subchapter;
(2) any other available revenue, income, or resource; or
(3) both surplus income described by Subdivision (1) and any other available revenue, income, or resource.

Added by Acts 2001, 77th Leg., ch. 1420, Sec. 8.003, eff. Sept. 1, 2001.

                    
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